Lokesh Gupta
03-02-2024
Since June 2023, $SHIB has consistently followed a descending channel, signaling a prolonged downward trajectory.
Despite a breakout attempt in December, the pattern persisted, failing to reverse the descending channel trend.
Over the past two weeks, $SHIB has shown minimal price action, reflected in short candles and longer wicks on the daily chart.
The daily chart currently reflects a neutral stance, with neither clear direction from bulls nor bears.
On the short-term six-hour time frame, SHIB is within a descending triangle, a typically bearish pattern.
On the daily chart, the SHIBA price is facing resistance from Descending Trendline.
A bullish breakout beyond the overhead trendline in SHIB Price may indicate the correction's conclusion, pushing its value towards $0.0000106.
On the flip side, if SHIB breaks below the triangle formation, it may decline to the support trendline at $0.0000076.
Coingabbar's analysis indicates that the Shiba Inu Price Prediction 2030 might be about $0.0000900.
Shiba Inu Price Prediction 2040 might be as near $1.00.
#ShibaInu #PricePrediction 2050 May Reach $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.000009500-$0.00001000
SUPPORT LEVEL : $0.000008700-$0.000008200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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